What to expect from The Crypto World – BTC
So What to expect from The Crypto World – BTC ?
Last two months of the previous year saw some extraordinary developments when it comes to Crypto currencies – Coins.
We have witnessed some mind-boggling rallies on Bitcoin, and all eyes have been glued to its performance.
But there are other Coins that deserve our attention as well:
Ethereum
XRP
Sol
To name the few….
There have been lots of talks of Big changes in Crypto world, all tied to the new US Administration, but until we see in reality what comes we shouldn’t base our expectations and/or wallets to it.
I am going to give you the Technical view and my honest opinion on what we should expect this year.
What to expect from The Crypto World – BTC
Bitcoin – BTCUSD
What to expect from The Crypto World – BTC
As I have mentioned last night, there is a very important level to watch : 87.600.00 – Upper channel trendline , and it was attacked last night – price didn’t reach it – low was 89K , but when it comes to Bitcoin it is close enough. So first signal that BTC is still extremely Bullish.
From that level, coin rocketed Up almost 10% today, and changed the technical picture in less then 24h.
You all have read stories –predictions that BTC will reach amazing highs ( some are quoted to call for even 12Mio ) and I am not opposing that wave of positive thinking, but merely want to calm down your expectations and to explain how to handle it.
I do not have a crystal ball and all of my trading success is coming from interpreting charts and not wishful thinking of others.
So, by looking at BTCUSD chart and without taking into account any big fundamental change, I can tell you this:
BTCUSD should be holding this year between 90K and 120K apx, with possible but not probable visit to 65K area.
Based on everything else ( fundamental, political, geo political ) BTC is a very good Buy on dips.
I would never go shopping for it on leverage – but going Cash is the way to go.
I will continue in days to come to cover other Coins – one by one , so we’ll have lots of material to go over.
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